Grizzly
Nio says Grizzly shorting allegations not substantiated after internal review
Nio announced today that its internal review of previous short-selling allegations is now substantially complete, concluding that the allegations have not been substantiated.
Nio issues official statement on short-selling report, stock briefly halted trading in Singapore
Nio fell 7.67 percent to S$21.9 before trading was suspended in Singapore. Its trading resumed at around 13:30 and the drop extended to 8.73 percent by press time.
Opinion
Grizzly Research attack highlights shorts panic and Nio potential for industry high profit margins
"My only disappointment is the poor quality of the false bear narrative. Surely shorts could have done a better job in frightening weak Nio holders."
Nio says short-selling report contains extensive inaccuracies, EV maker has initiated related procedures
Nio has taken note of the report, which is full of inaccuracies and misinterpretations of the company's disclosures, it told CnEVPost.
Nio faces short-selling, accused of inflating revenue with accounting games
A firm called Grizzly Research claims that Nio is likely using an unconsolidated related party, Wuhan Weineng, to inflate revenue and profitability.
